It's been four months since according to CNBC, which cites a person familiar with the situation. Lyft declined to comment.and now it appears to be losing its chief operating officer. Jon McNeill is reportedly stepping down from the role,
The ride-hailing company has experienced a bumpy ride since its debut on the stock market at the end of March. After a , it's been a downhill journey. Two sets of stockholders have sued the company for misrepresenting the strength of its business. Lyft's from $22.2 billion in March to $18.6 billion today.
Lyft isn't the only ride-hailing company to be having a hard time going public. Rival Uber has also seen flat trading and a loss of top executives. Along withfrom Uber's board over the last two months, the company's . Both companies have also seen the .
McNeill joined Lyft as COO in February 2018. He came to the ride-hailing company from Tesla, where he served as the president of global sales and service.
Separately on Monday, The New York Times.in its marketing department, according to
Originally published July 29, 12:05 p.m. PT
Update, 1:47 p.m.: Adds report of layoffs at rival Uber.